• @TankovayaDiviziya@lemmy.world
    1•6 months ago

    Some argue that the true democratic socialism has been achieved in India under Nehru. He was a socialist and the Indian economy was heavily regulated and many industries were government-owned. I’m not sure of the specifics but that hasn’t worked out well for many years. There is a reason why the news that India “liberalising” its economy in 1990s was big and seen as historical. Many credit India’s continuing growth from the liberalisation of the 90s. But some things have been relaxed too much imo.

    • @The_Terrible_Humbaba@slrpnk.net
      4•6 months ago

      I don’t know about the situation, but from what you described that wasn’t democratic socialism, it was social democracy; social democracy is a branch of capitalism. More specifically, social democracy emerged from a compromise made by capitalists to quell socialist and communist fervor.

      In socialism, workers would be the owners of business and would distribute the profits among themselves. In social democracy, the states runs/manages some businesses with (in theory) the countries interests in mind, and creates several public support systems (i.e. public education and free healthcare) to improve overall quality of life for the average person; however the economy is still a capitalist one with free (but regulated) markets, where the only power workers have is voting on government elections.

      • @TankovayaDiviziya@lemmy.world
        1•6 months ago

        I don’t think it was social democracy in India under Nehru. If I’m not mistaken, Nehru’s policies were further left than social democracy but I am willing to be corrected.

        Edit: I forgot to mention, the Indian state of Kerala elects a socialist party since the independence of India, and have successfully uplifted the standards of living in its population with free housing and education etc, but people there are emigrating because there aren’t any jobs.